Corporate Governance Overview Statement PRINCIPLE A RM480,000.00 (Chairman) RM80,000.00 (Chairman) RM45,000.00 (Chairman) RM40,000.00 (Chairman) RM150,000.00 (Non-Executive Directors) RM40,000.00 (Non-Executive Directors) RM30,000.00 (Non-Executive Directors) RM20,000.00 (Non-Executive Directors) PERFORMANCE REVIEW During the financial year, the Board evaluated the NRC’s performance and how well the NRC met the requirements of its ToR, including the term of office and the performance of the NRC and each of its members. This performance assessment was part of the annual BEE, which pertains to the assessment of Board Committees. The NRC Report was prepared in accordance with the resolution approved by the Board of Directors approved on 25 March 2025. DIRECTORS’ REMUNERATION The Board Remunerations Policy outlines the principles and guidelines for determining Directors’ remuneration. The Board Remunerations Policy stipulates that the Board, through the NRC, shall conduct a high-level review and perform an in-depth benchmarking of the remuneration packages for the Board, at least once every two years. This is to ensure fairness and competitiveness relative to the market (based on market positioning, revenue, performance, total assets, profit after tax and market capitalisation of the comparator groups), in order to attract, retain, and motivate the Board. The remuneration packages for the Board were last reviewed, benchmarked, and approved by shareholders in 2022. SUMMARY OF BOARD REMUNERATIONS POLICY The remuneration package for the Non-Executive Directors’ reflects their experience, expertise, and responsibilities. This package includes fees, benefits-in-kind, and other benefits such as meeting allowances and an official business allowance. The current fee structure for the Non-Executive Directors is outlined in the table below: BOARD/BOARD COMMITTEES Fees Per Annum BOARD AC NRC OTHER BOARD COMMITTES 204 FGV Holdings Berhad | Annual Integrated Report 2024
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